Ok, after been trading the ‘‘ICT method’’ [B]only[/B], since the beginning of this year (5 months now) on a small live account, I think it is about time to post some results here.
Trades Stats:
Equity Curve:
Weekly Breakdown:
Monthly Breakdown:
Again, this is live account with all emotions related to it.
As you can see, my R:R Ratio is simply tragic, the accuracy too, these are the two points I need to really work on once master the proper risk and trade management.
Will start with this last week. as you can see this is my best week since mid February. 3 trades, 98 pips, +5.52% added to the account. first it was scalp on Monday (+10 pips in the end, dont ask, lots of mistakes there). then on Tuesday shorted Aussie and Kiwi for another 88 pips, have the trade review posted few pages back, wont go over it again… lots of mistakes on this ones too, mainly not willing to let the profits run, down to the huge drawdown I had the recent weeks and the rush to bag the profit while there… The thing I’m really proud of this week is after achieving these results on Tuesday, I managed to sit on my hands and protect the gains made.
As you can see the highest point on the equity curve was +41.2% and that turned to be most disastrous week in my trading so far… after being 7.1% up that week closed on -0.5 (week 8). I was really shocked how profits slipped through my fingers (just when I thought ‘‘I got it all figured!’’) and you see the consequences the following weeks… and months… Still trying to figure what exactly gone wrong that week, all I can tell you is, I did about every possible mistake in trading you’ve ever heard off… I moved the stops away, I overtraded heavily, I doubled up after loss, I tripled up (yep) after loss, lots of revenge trading, tried to force my will on the markets, to prove my analysis are correct, and so on and so on… list is endless…
Took few weeks off here and there (where the % is zero on table) to clear my mind, placed a single trade here and there, but was completely in the claws of the mighty ‘‘fear’’ and closed even a winning trades (these was few anyway) at BE or few pips positive. at some point was looking for any excuse not to trade (too busy at work, etc)
Then what I did? sat on my a$$ and watched every piece of video Michael produced so far like million times on loop… will watch one video until I get really sick of it and then will move to the next one, made a lot of new notes, revised the old ones, spent countles hours on charts, lots of screenshots, etc… Just want to tell you everyone that the answer to every question you havent even thought of yet is already there in the videos… especially the live sessions with the famous ‘‘ICT rants’’ these are simply priceless.
I really wanted to post my results when get to that equity high again, but here it is cant wait to share… and really hope I am now on the way to consistent and profitable trading and wont go off course again.
I know 24.5% is not a huge return and impressive result (especially when with these tools a lot more can be achieved, a LOT MORE), but hey, still better return that any bank can give me on my money. And I’m glad I did all these mistakes early on and got them out of the way (hopefully) so the path to success is all clear now.
Good Luck and Good Trading!
Nick
p.s. every comment, critic or question, most welcomed.
